Shadowfax operating revenue up 74% YoY in Q4, posts net profit of Rs 56 crore

Synopsis

New-age logistics firm Shadowfax saw its operating revenue surge 74% year-on-year to Rs 1,237 crore in Q4FY26. The company achieved a net profit of Rs 56 crore, a notable turnaround from a loss last year. This strong performance follows its recent IPO. Shadowfax offers last-mile and hyperlocal delivery services.

New-age logistics firm Shadowfax’s operating revenue increased 74% year-on-year (YoY) to Rs 1,237 crore in Q4FY26 from Rs 712 crore a year ago. Including ‘other income’, its total revenues for the quarter stood at Rs 1252.6 crore, up from Rs 719 crore a year earlier.

The company reported a net profit of Rs 56 crore in the quarter compared to a net loss of Rs 9.9 crore a year ago. Sequentially, net profit grew 60% from Rs 34.9 crore in Q3.

Meanwhile, its expenses grew 64% YoY to Rs 1,197.7 crore, driven by rising employee benefit costs, and depreciation, amortisation, and other expenses.

The Bengaluru-based company listed on the exchanges on January 28 following its Rs 1,907 crore IPO. Shadowfax became the second new-age logistics firm to go public after SoftBank-backed Delhivery, which listed in 2022.

Founded in 2015, the firm offers last-mile and hyperlocal delivery services for ecommerce and quick commerce platforms, as well as direct-to-consumer brands. It competes with players like Delhivery, XpressBees, Ecom Express, and Ekart.